{"id":11162,"date":"2022-11-03T09:52:53","date_gmt":"2022-11-03T13:52:53","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=11162"},"modified":"2022-11-03T09:52:53","modified_gmt":"2022-11-03T13:52:53","slug":"xrp-price-forecast-ripple-is-primed-for-rally-and-only-1-thing-is-holding-it-back","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/11\/03\/xrp-price-forecast-ripple-is-primed-for-rally-and-only-1-thing-is-holding-it-back\/","title":{"rendered":"XRP Price Forecast: Ripple is Primed For Rally And Only 1 Thing is Holding it Back"},"content":{"rendered":"

Ripple is facing resistance near $0.46 against the US Dollar. XRP price could start a fresh rally if it is able to clear the $0.46 and $0.478 resistance levels.<\/em><\/p>\n

Ripple is consolidating above the key $0.442 support zone against the US dollar.
\nThe price is facing hurdles near $0.460 and the 100 simple moving average (4-hours).
\nThere is a crucial bearish trend line forming with resistance near $0.4605 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could start a strong increase if there is a clear move above $0.462 and $0.482.<\/p>\n

Ripple Price Prepares For The Next Move<\/h2>\n

After a sharp decline, ripple\u2019s XRP found support near the $0.4220 zone against the US Dollar. XRP formed a base above the $0.4220 level and started a fresh increase, similar to ethereum<\/a> and bitcoin<\/a>.<\/p>\n

There was a clear move above the $0.435 and $0.445 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.5118 swing high to $0.4220 swing low. However, the price struggled to clear the $0.4800 resistance and the 100 simple moving average (4-hours).<\/p>\n

It failed to clear the 61.8% Fib retracement level of the downward move from the $0.5118 swing high to $0.4220 swing low. The price is now facing hurdles near $0.460 and the 100 simple moving average (4-hours).<\/p>\n

There is also a crucial bearish trend line forming with resistance near $0.4605 on the 4-hours chart of the XRP\/USD pair. The main resistance is near the $0.478 and $0.480 levels. A successful break above the $0.478 and $0.480 resistance levels could spark another rally.<\/p>\n

<\/a><\/p>\n

Source: XRPUSD on TradingView.com<\/a><\/p>\n

The next key resistance is near the $0.500 level, above which the bulls are likely to aim a retest of the $0.55 barrier. Any more gains might send the price towards the $0.60 level.<\/p>\n

Downside Break in XRP?<\/h2>\n

If ripple fails to start a fresh increase above the $0.478 level, it could start a fresh decline. An initial support on the downside is near the $0.442 level.<\/p>\n

If there is a downside break and close below the $0.442 level, xrp price could start a major decline. In the stated case, the price could even decline below the $0.422 support.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.442, $0.422 and $0.405.<\/p>\n

Major Resistance Levels \u2013 $0.462, $0.48 and $0.50.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Ripple is facing resistance near $0.46 against the US Dollar. XRP price could start a fresh rally if it is able to clear the $0.46 and $0.478 resistance levels.<\/em><\/p>\n

Ripple is consolidating above the key $0.442 support zone against the US dollar.
\nThe price is facing hurdles near $0.460 and the 100 simple moving average (4-hours).
\nThere is a crucial bearish trend line forming with resistance near $0.4605 on the 4-hours chart of the XRP\/USD pair (data source from Kraken).
\nThe pair could start a strong increase if there is a clear move above $0.462 and $0.482.<\/p>\n

Ripple Price Prepares For The Next Move<\/h2>\n

After a sharp decline, ripple\u2019s XRP found support near the $0.4220 zone against the US Dollar. XRP formed a base above the $0.4220 level and started a fresh increase, similar to ethereum<\/a> and bitcoin<\/a>.<\/p>\n

There was a clear move above the $0.435 and $0.445 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.5118 swing high to $0.4220 swing low. However, the price struggled to clear the $0.4800 resistance and the 100 simple moving average (4-hours).<\/p>\n

It failed to clear the 61.8% Fib retracement level of the downward move from the $0.5118 swing high to $0.4220 swing low. The price is now facing hurdles near $0.460 and the 100 simple moving average (4-hours).<\/p>\n

There is also a crucial bearish trend line forming with resistance near $0.4605 on the 4-hours chart of the XRP\/USD pair. The main resistance is near the $0.478 and $0.480 levels. A successful break above the $0.478 and $0.480 resistance levels could spark another rally.<\/p>\n

<\/a><\/p>\n

Source: XRPUSD on TradingView.com<\/a><\/p>\n

The next key resistance is near the $0.500 level, above which the bulls are likely to aim a retest of the $0.55 barrier. Any more gains might send the price towards the $0.60 level.<\/p>\n

Downside Break in XRP?<\/h2>\n

If ripple fails to start a fresh increase above the $0.478 level, it could start a fresh decline. An initial support on the downside is near the $0.442 level.<\/p>\n

If there is a downside break and close below the $0.442 level, xrp price could start a major decline. In the stated case, the price could even decline below the $0.422 support.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for XRP\/USD is now losing pace in the bearish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.442, $0.422 and $0.405.<\/p>\n

Major Resistance Levels \u2013 $0.462, $0.48 and $0.50.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-11162","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/11162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=11162"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/11162\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=11162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=11162"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=11162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}